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Do Tax Credits for Angel Investors Boost Innovation?

While it is relatively cheap to get a web startup off the ground these days, other industries aren’t as lucky. Take green-tech or medical technology for instance; at TED this year Bill Gates said that the minimum investment the world needs to create sustainable eco-friendly renewable energy is "only" in the range of hundreds of millions of dollars – and that’s just to get started. It’s industries like these that require Angel and VC investments at the early-stage level to get significant innovations off the ground, and a government tax credit proposed for angels in Minnestoa could encourage them to dole out more cash for high-tech ventures.

Written by Chris Cameron

Full Story: http://www.readwriteweb.com/start/2010/02/do-tax-credits-for-angel-inves.php

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